You can define a new payment method which can then be used when entering an incoming postdated check (PDC) (see Processing Postdated Checks). To do so, specify the information listed in the Customizing activities below.

In Customizing for Financial Accounting, choose Accounts Receivable and Accounts Payable ® Business Transactions ® Incoming Payments ® Automatic Incoming Payments ® Payment Method/Bank Selection for Payment Program, and then choose the activities listed below.

1. Set Up All Company Codes for Payment Transactions.

To use the automatic incoming payment program for cashing your PDC, you need to specify that the payment program credits the special G/L indicator you defined in Defining Special G/L Indicators. To do so, enter your special G/L indicator under Customers, in the Sp. G/L transactions to be paid field.

2. Set Up Payment Methods per Country for Payment Transactions
1. Under Payment method classification, select Bill/ex (Create a bill of exchange posting) and set the Create bill/exch. before due date indicator.
2. Under Posting details, fill out the Document type for payment and Clearing document type fields, and enter your special G/L indicator in the Sp.G/L ind. b/ex. / b/ex.pmnt req. field (Special G/L indicator for bill of exchange/bill of exchange payment required).
3. Set Up Payment Methods per Company Code for Payment Transactions

Under Amount limits enter a minimum and a maximum amount for payments.

4. Set Up Bank Determination for Payment Transactions

Country-Specific Definitions for the Payment Method

Company Code Specifications for the Payment Method